Lombard Odier Asset Management Europe Ltd Grows Stake in ServiceNow, Inc. $NOW

Lombard Odier Asset Management Europe Ltd lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 104.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 99,813 shares of the information technology services provider’s stock after acquiring an additional 51,108 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in ServiceNow were worth $10,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lombard Odier Asset Management USA Corp acquired a new position in shares of ServiceNow in the first quarter worth $366,000. Waverly Advisors LLC lifted its position in shares of ServiceNow by 290.7% in the first quarter. Waverly Advisors LLC now owns 109,932 shares of the information technology services provider’s stock valued at $11,493,000 after acquiring an additional 81,797 shares in the last quarter. Wealth Alliance LLC boosted its stake in shares of ServiceNow by 67.6% during the first quarter. Wealth Alliance LLC now owns 8,592 shares of the information technology services provider’s stock valued at $898,000 after acquiring an additional 3,467 shares during the last quarter. St. Louis Trust Co boosted its stake in shares of ServiceNow by 14.4% during the first quarter. St. Louis Trust Co now owns 5,675 shares of the information technology services provider’s stock valued at $593,000 after acquiring an additional 715 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its position in ServiceNow by 14.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 35,958 shares of the information technology services provider’s stock worth $3,759,000 after purchasing an additional 4,675 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NOW. The Goldman Sachs Group restated a “buy” rating and set a $145.00 price objective (down from $163.00) on shares of ServiceNow in a report on Wednesday, July 8th. KeyCorp reissued an “underweight” rating on shares of ServiceNow in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price target (up from $130.00) on shares of ServiceNow in a report on Wednesday, July 15th. Finally, Citigroup reiterated a “market outperform” rating on shares of ServiceNow in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.39.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s Q2 results showed robust growth, with revenue up about 24% year over year and subscription revenue accelerating, reinforcing that demand for its platform remains strong. Article Title
• Positive Sentiment: Management raised guidance and highlighted AI momentum, including AI contract value topping $1 billion and expanding enterprise adoption, which supports the case for continued growth. Article Title
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after earnings, reflecting renewed confidence in ServiceNow’s outlook and valuation upside. Article Title
• Positive Sentiment: New partnerships and channel expansions, including deals with Experian, TeamViewer, and Exclusive Networks, suggest broader adoption of ServiceNow’s AI and cybersecurity offerings. Article Title
• Neutral Sentiment: Investors are also watching mixed signals from insider and institutional trading, with some large funds trimming positions even as others add shares; this appears more like portfolio rebalancing than a clear fundamental warning. Article Title
• Negative Sentiment: Despite the earnings beat, some commentary says the stock’s rally may be vulnerable if AI disruption fears return, especially around usage-based pricing and long-term software demand. Article Title

Insider Activity

In related news, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares of the company’s stock, valued at $2,712,312.60. This represents a 35.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Fipps sold 1,048 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the sale, the insider owned 12,072 shares in the company, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 19,144 shares of company stock valued at $1,730,097. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW stock opened at $98.77 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.70. The company’s 50-day simple moving average is $104.77 and its 200-day simple moving average is $107.70. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $201.15. The stock has a market capitalization of $101.83 billion, a price-to-earnings ratio of 61.73, a PEG ratio of 1.65 and a beta of 0.96.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Equities analysts anticipate that ServiceNow, Inc. will post 2.33 earnings per share for the current fiscal year.

ServiceNow Company Profile

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.